📌📌📌 Buy this unlimited Elise EA Source Code MQ4 & MQ5 product here 📌📌📌 1. Elise EA MT5 Elise EA for MT5 is a grid-style Expert Advisor designed for disciplined trading in ranging or cyclical markets. Its customizable parameters offer fine-tuned control over entry layers, lot progression, and risk limitation. It is ideal for experienced traders seeking moderate compounding […]
Elise EA for MT5 is a grid-style Expert Advisor designed for disciplined trading in ranging or cyclical markets. Its customizable parameters offer fine-tuned control over entry layers, lot progression, and risk limitation. It is ideal for experienced traders seeking moderate compounding with controlled exposure.
⚙️ Core Trading Parameters
Parameter
Value
Description
Lots
0.01
Initial fixed lot size for the first trade
Layer Multiplier
1.2
Multiplier for lot size of each new layer (e.g. 0.01 → 0.012 → 0.0144…)
PipStep
210.0
Distance in points between each grid order
MaxLots
1.0
Caps maximum lot size for any single order to avoid overexposure
TakeProfit
300.0
Fixed profit target in points for closing trade cycles
slip
5.0
Maximum slippage allowed during order execution
🌀 Trailing Stop System
Parameter
Value
Description
UseTrailingStop
false
Disabled by default — TP is static instead of trailing
TrailStart
13.0
Minimum profit (in pips) before trailing begins (if enabled)
TrailStop
3.0
Size of trailing stop once it’s active
✅ Trailing stop is turned off in this config, favoring fixed TP-based exit logic.
📊 Order Management
Setting
Value
Description
Maxtrade Order Buy
50
Maximum number of buy-side orders opened simultaneously
Magic Order Buy
852791
Unique identifier for managing buy trades within the platform
Maxtrade Order Sell
50
Maximum number of sell-side orders opened simultaneously
Magic Order Sell
852792
Unique identifier for managing sell trades
💡 Magic Numbers ensure the EA only manages its own trades without conflicts with other robots.
🔐 Floating Loss Risk Control
Parameter
Value
Description
Use stop a maximum floating loss
false
Disabled: The EA will not close trades based on floating loss
Maximum Floating Loss
-500
Dollar amount where trades would be force-closed (if enabled)
⚠️ This stop-out function is present but disabled, which allows deep grid cycles unless managed manually or via external EA.
🧠 Strategy Summary – Elise EA MT5
🧩 Strategy Component
📌 Benefit
Grid/Martingale Hybrid
Grows positions in layers with controlled multipliers
Configurable Pip Spacing
Uses PipStep to spread out orders and manage exposure
Conservative Growth Curve
1.2x layer multiplier and 1.0 max lot size avoid aggressive compounding
Trade Separation
Custom magic numbers prevent trade overlap with other EAs
Optional Risk Management
Floating loss protection system available but deactivated by default
🏆 Best Use Cases:
Traders who prefer grid-based trading systems with predictable behavior
Those focusing on gold (XAUUSD) or slow-trending pairs
Investors who want manual control over drawdown management
Portfolios that include low-risk, layered compounding bots
2. Elise EA MT4
Elise EA MT4 is a precision pattern-based Expert Advisor designed for scalping and intraday trading. Unlike its grid-based MT5 counterpart, this MT4 version focuses on high-frequency, low-pip target entries with strong internal control over trade logic, slippage, and trailing behavior.
⚙️ Core Settings Overview
Parameter
Value
Description
Lots
0.01
Fixed initial lot size per trade (manual risk management)
risk: 0=fixed lots
10
Risk percentage used if dynamic lot sizing is active
Max Trades
100
Maximum number of open positions allowed
SL (Pips)
10.0
Stop loss in pips – tight stop for scalping strategy
TP (Pips)
10.0
Take profit in pips – matches SL to aim for a 1:1 risk-reward ratio
MaxSpread
30
Maximum spread in points (3.0 pips) allowed for trade execution
Slippage
20.0
Maximum allowed slippage (2.0 pips), ensuring execution accuracy
📉 Trailing Stop Configuration
Parameter
Value
Description
Trailing
false
Trailing stop is disabled by default
TrailingExtra
50.0
Additional buffer in points for trailing (used when Trailing = true)
TrailingStop
70.0
Trailing stop level in points
TrailingStep
5.0
Trailing adjustment step
TrailStart
10.0
Minimum profit in points to activate trailing
🧠 The trailing logic is present but disabled. If enabled, it starts trailing once the trade is 10 pips in profit.
💼 Profit Management Target
Parameter
Value
Description
UseProfitTarget
false
Whether the EA should stop once a profit target is reached
Profit Target
15.0
Profit threshold in account currency to stop trading (if enabled)
✅ This is useful for day traders aiming for fixed daily profit goals and wanting to avoid overtrading.
📌 Summary – Why Use Elise EA MT4?
🌟 Feature
✅ Benefit
Short-Term Scalping Logic
10 pip SL and TP ideal for high-frequency, tight-range trading
Max Trades Control
Hard cap of 100 trades prevents overload in volatile sessions
Spread & Slippage Guard
Ensures execution happens only during optimal conditions
Optional Profit Lock-in
Daily profit target option prevents emotional or overextended trading
Trailing Optionality
Trailing SL can be activated for dynamic exit once in profit
🥇 Best Suited For:
Scalpers on low-spread ECN brokers.
Traders using MT4 for EURUSD, GBPUSD, or other high-liquidity pairs.
Traders who want strict SL/TP logic without martingale/grid mechanics.
Day traders aiming to hit fixed profit goals and stop for the day.
3. Elise Gold EA MT4
Elise Gold EA MT4 is a specialized version of the Elise EA series, optimized specifically for XAUUSD (Gold). This EA utilizes a controlled grid-martingale strategy with customizable pip steps, lot scaling, and order management logic—designed for long-term profit and moderate risk.
⚙️ Core Trading Parameters
Parameter
Value
Description
Lots
0.01
Starting lot size for the first trade
Layer Multiplier
1.2
Lot multiplier for each new layer (moderate compounding)
PipStep
210.0
Distance between grid levels in points (21.0 pips)
MaxLots
2.0
Maximum lot size to cap risk exposure
TakeProfit
300.0
Take-profit level in points (30 pips)
slip
5.0
Maximum slippage allowed during order execution
✅ These values are balanced to handle gold volatility with adequate grid spacing and risk control.
🌀 Trailing Stop System
Parameter
Value
Description
UseTrailingStop
false
Trailing stop disabled (fixed TP strategy is in use)
TrailStart
13.0
Distance in pips to trigger trailing (if enabled)
TrailStop
3.0
Trailing stop value in pips
🧠 Trailing logic exists but is disabled in this configuration, favoring static TP closes.
🔧 Order Management Structure
Order Section
Value
Description
Setting Order Sell
Active
Sell-side order group settings
Maxtrade Order Sell
50
Max number of simultaneous sell orders allowed
Magic Order Sell
852791
Unique ID for identifying EA’s sell orders
Setting Order Buy/Sell
Active
Shared group for both Buy/Sell behavior
Maxtrade Order Buy/Sell
50
Max number of orders in combined logic
Magic Order Buy/Sell
852792
Magic number for dual-directional mode
Setting Order Buy
Active
Buy-side settings
Maxtrade Order Buy
50
Max number of simultaneous buy orders allowed
Magic Order Buy
852793
Unique ID for managing buy trades
🎯 Magic Numbers ensure proper trade tracking and avoid interference with other EAs.
🔐 Risk Management – Floating Loss Protection
Parameter
Value
Description
Use stop a maximum floating loss
false
Disabled by default — EA won’t close trades based on floating loss
Maximum Floating Loss
0.0
No floating loss threshold set — EA will continue running regardless of drawdown
⚠️ For added safety, this option can be enabled and set to a value like -500 to cap losses.
📌 Summary – Why Use Elise Gold EA MT4?
✅ Feature
🔍 Benefit
Gold-Optimized Grid Strategy
Tailored for XAUUSD with smart pip spacing and scaling
Modular Risk Control
Cap lot size and total trades to limit exposure
Highly Configurable Logic
Supports trailing stop, floating loss protection, and individual trade control
Unique Magic Numbers
Prevents trade conflicts across multiple EAs
Suitable for ECN/STP Brokers
Low slippage and spread filters ensure smoother execution
🥇 Best Suited For:
Traders focusing on gold trading (XAUUSD).
Users seeking a grid strategy with moderate compounding.
Traders preferring manual drawdown control rather than auto-stop.
Accounts with adequate margin to support multilevel trade stacking.
